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May 2008 Blog Posts (49)

Artificial Barriers to the Public's Access to Your Local MLS Will Soon be History!

The Department of Justice has tentatively settled a lawsuit against the National Association of Realtors regarding barriers to the public's access to regional MLS sites. The settlement should provide consumers with greater access to a wider range of MLS data. The floodgates to more industry innovation are likely to open up with the settlement of this dispute. You can learn more by going to http://www.inman.com/news/2008/05/28/industry-reacts-doj-vs-nar-settlement-proposal

Added by smarten on May 30, 2008 at 9:17pm — 1 Comment

Reno Homes Sales Are Up 39.6%

Everyone is on a holding pattern of deciding whether we have hit bottom and it’s been a national pastime with people debating across the states as to when the housing market will turn.



Well, the stats are in and we have at least some support from the University of Nevada, Reno’s Center for Regional Studies that reports we are again, for the third month in a row seeing sales of existing homes in Washoe County, up 39.6% in April from March. Yes, median home prices in April of 07 were… Continue

Added by Michelle Plevel on May 30, 2008 at 8:15am — 2 Comments

How the Super-Rich Buy Homes

When purchasing a house, the very rich will go to great lengths to protect their privacy—and brokers are happy to accommodate them.



Prashant Gopal of BusinessWeek.com reports:



It's not easy for a movie star, basketball player, or corporate chief to buy a house without attracting a bit of attention.



It requires ingenuity—and help from pricey lawyers—to keep the paparazzi, celebrity bloggers, and stalkers guessing. Last year movie star couple Brad Pitt and… Continue

Added by Shari Chase on May 29, 2008 at 2:39pm — 3 Comments

$54 Million for Campus in Spanish Springs-Sparks, NV

I did not know that I was heading into the horizon until I got a complementary issue of AARP sent to me. I called around to see if others had got a freebie and was briskly advised that this was for people over 50…Oh my gosh, it’s a way too official notification for me!



Anyway, the aging population is gaining speed and enterprising people are seeing the opportunity to cash in on all the baby boomers. I’ve seen it in a provacative ads with those youngish, greyish, hippish models… Continue

Added by Michelle Plevel on May 29, 2008 at 7:30am — No Comments

Baby Boomers--Have They Planned Wisely?

I saw this on Good Morning America today...I hope this family is the exception and not the "norm". If so, we have a generation ahead of us with no financial "skills".

Go to www.http://abcnews.go.com/GMA/Economy/story?id=4946034&page=1

Added by Edee Campbell on May 28, 2008 at 6:12pm — 1 Comment

How Are Reno Companies Helping The Environment!

Here is some information that will make great conversation material regarding what one local company has done to help our… Continue

Added by JoAnn Corriera on May 28, 2008 at 4:03pm — 4 Comments

Governors declare State of Emergency for Lake Tahoe

In a collateral agreement, the Governor’s for California and Nevada, Schwarzenegger and Gibbons have officially declared a State of Emergency for the Tahoe Basin. Although it sounds forbidding there’s real benefits for the Lake Tahoe region and citizens.



Resources, lots of financial resources are going to become available to take care of the fire danger which is eminent and in addition the money will generate the much needed and continual clean up from the Angora Fire last… Continue

Added by Michelle Plevel on May 28, 2008 at 7:00am — No Comments

Random Reno Culture Clash

Okay, this is just pure YouTube fun. One of the great things about living in Reno (seriously) is the parade of aging hipsters that perform in town. Here's a clip from the front row of the recent Rush concert:





We have some bizarre artsy stuff too (I mean, come on, Burning Man happens just a short drive from here). Check out the fire spinning show downtown:…



Continue

Added by Diane Cohn on May 27, 2008 at 8:33pm — 2 Comments

Tahoe Donner Market Update

Over the past few months, there had consistently been around 135 single family homes listed in Tahoe Donner. Just in the past couple weeks, we have noticed quite an increase in the inventory. There are currently 158 active listings for single family homes in Tahoe Donner. 23 homes are under contract. The number of pending listings is also fairly consistent and has stayed right around 22 for the past few months. 6 homes sold in the last week with the… Continue

Added by Rebekah on May 27, 2008 at 6:10pm — 3 Comments

Winnemucca Ranch the new Spring Mountain?

I’ve been in Oregon for the Memorial Weekend, hunting down some deals and I am circling back to Reno again because of our future. Sure, I can buy property in my favorite Oregon place, Running Y Ranch, and build a few specs there. It’s way cheaper to own and build but fewer and fewer people are jumping the border these days from Nevada. We have property up there which we love and will keep but I’m not buying more. I can speculate right here in Reno where there is industry, jobs, expansion and… Continue

Added by Michelle Plevel on May 27, 2008 at 9:00am — No Comments

Pretty Flat for 8 years

The S&P 500 stock index finished the Friday before Memorial Day in calendar year 2000 at 1378. Now 8 years later, the index closed at 1376 last Friday, a change of just 2 points over the entire 8-year period (i.e., the change measured is the movement of the raw index and does not include the impact of dividends). The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market (source: BTN Research

Added by Robin Cullen on May 27, 2008 at 8:00am — 2 Comments

Mountain Biking Season is OPEN at Northstar!!

Yes, it's that time of year again! The mountain biking terrain park opened yesterday for the 2008 season. They have the gondola open up to mid-mountain with newly buffed out trails. The upper mountain is still closed due to the odd snow patch here and there...but should be opening soon. I rode there yesterday for the opening day and the conditions were sweet! The sky was a little overcast, some drizzle mixed with hail, making for nice tacky, grippy muck...the perfect ingredients for Tahoe… Continue

Added by Dr. David Schroeder on May 24, 2008 at 9:52am — 1 Comment

Incline Lake and 750 acres are officially public lands!

It is totally official, the Incline Lake Corporation has agreed to sell the famous enclave lake and lands above Incline that hosted the famous likes of Bill Lear of Lear Jet, U.S. Chief Justice Earl Warren and Max Fleishchmann and other billionaires or government officials.



I can remember as a kid that no one was allowed to step foot on the ranch, but the lake was so tempting to young fishermen that high school students would sneak in the wee hours to catch and release those phantom… Continue

Added by Michelle Plevel on May 22, 2008 at 6:48am — 1 Comment

The Time Has Come to BAN Bank REO "Seper Addnd. Req." Listings From the MLS!

Okay, think you're a savvy real estate professional? What's a "seper addnd. req," and what's wrong with it?



In a nutshell, it's an addendum developed by some bonehead agent for his/her bank REO clients that allows the seller to continue marketing its property for sale to others AFTER entering into a contract to purportedly sell. And if the seller finds another buyer willing to pay more, it can accept the second buyer's higher offer and UNILATERALLY excise itself from the original… Continue

Added by smarten on May 21, 2008 at 8:32am — 17 Comments

Reno’s Pindi Co. makes Pin-Scan

There’s a small research and development company in Reno living in the Museum Towers downtown that are creating high frequency medical and non-medical applications that are soon to be rocking the world one called the Pin-Scan.



This is a firm that started out in a garage here by Scott Armstrong eight years ago and is now a finalist for the prestigious Frost & Sullivan Award for “Hot Investment Opportunity.” We will be waiting for the final decision in June.



What Pindi… Continue

Added by Michelle Plevel on May 21, 2008 at 7:33am — No Comments

RGJ Article about Fannie Mae policy

After a whirl wind tour going to Boston for the Secondary Marketing Convention, a meeting of the top Mortgage Industry Executives, Investors, and Government I found this article from our own RGJ and thought I would shed some light on this.



Just like the FHA stimulus, it is going to take the investors, (Wall Street), sometime to put a risk matrix together for the new policy. If you look back it took about 30 to 45 days for the investors digest the information and get the pricing out… Continue

Added by Cory Henderson on May 20, 2008 at 9:30am — 2 Comments

$84 Million in Water Rights for North Valley Homes

The North Valleys are going flush with H2O, a gift from Washoe County of sorts to the 16,000 homeowners that live there or will be living there in the future. The project involves bringing water from the Fish Springs Ranch in a 28.6 mile pipeline that will pump over 8,000 acre feet of water to us. The first flow is geared for January 2008 at a cost of $45K per acre-foot, this confirms that water is king in Nevada and we need to watch over these resources. The project has taken over 20 years to… Continue

Added by Michelle Plevel on May 20, 2008 at 7:18am — No Comments

Make your home scream, "Own Me."

Although proper interior design is important when selling your home, with the amount of inventory available today it is almost imperative. Using modern design ideas will allow buyers to visualize their new life in your home.

Make Your Home Scream Own Me

Should you have any questions or need further information,

please don't hesitate to contact me, (775) 220-1630

Or visit my blog at…

Continue

Added by Josh Talayka on May 16, 2008 at 1:00pm — 3 Comments

Two Incline Village Agents Boldly Declare, The Housing Crisis is Over!

Thought some of you NON-agents would get a chuckle out of this one



Page B5 of today’s RGJ - see the advertisement by two Incline Village [”IV”] Intero agents [Davidson & O’Donnell] - states as follows:



“Market Update…The Housing Crisis is Over…it is very likely that April 2008 will mark the bottom of the U.S. housing market…Translation for the Tahoe [IV] Market. This is the ultimate buyer’s market. Call us now while home property prices are within… Continue

Added by smarten on May 16, 2008 at 9:21am — 2 Comments

Minneapolis Sues Citi-Mortgage for Abandoned REO’s

Wow, there is going to be a revolution. USA Today reported that the city of Minneapolis and three other cities have unleased the lawyers and are going after the bankers. This is ground breaking and pioneer lawyering to say the least and it will be interesting to see the outcome. At stake are thousands of properties that are idling waiting for a new owner, tenant or just being torn down in the inner hoods of also Cleveland, Buffalo, St. Paul and Baltimore.



Everyone is watching the… Continue

Added by Michelle Plevel on May 16, 2008 at 7:53am — No Comments

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